Holicent
VIP Contributor
A good employee retention strategy is key to creating a successful business. If you lose good people, you will lose customers. And if you lose customers, you won't be able to make money.
You can't afford to let employees go because they're not performing well or because they're unhappy with their jobs. It doesn't matter when the problem arises; it's important to address it immediately so that it doesn't escalate. A bad employee can become a great one if you handle situations appropriately.
Here are some tips on how to retain your best employees:
Make sure the job is right for them. If an employee isn't happy in his current role and there are other opportunities he would like to take advantage of, don't force him into anything he doesn't want or feel comfortable with. Your goal should be to keep everyone as happy as possible so that they will want to stay with your company for years or even decades instead of leaving after just a few months or years on the job.
Don't give them too much work; give them too little work and risk losing them altogether! You'll need to keep track of what projects are assigned and make sure that each project has enough time allocated for it.
Do the following as well:
1. Give them a sense of purpose
2. Let them know you value their work
3. Give them freedom to make decisions
4. Allow them to be themselves at work
5. Reward their success when appropriate
6. Be honest about what you expect from each employee.
You can't afford to let employees go because they're not performing well or because they're unhappy with their jobs. It doesn't matter when the problem arises; it's important to address it immediately so that it doesn't escalate. A bad employee can become a great one if you handle situations appropriately.
Here are some tips on how to retain your best employees:
Make sure the job is right for them. If an employee isn't happy in his current role and there are other opportunities he would like to take advantage of, don't force him into anything he doesn't want or feel comfortable with. Your goal should be to keep everyone as happy as possible so that they will want to stay with your company for years or even decades instead of leaving after just a few months or years on the job.
Don't give them too much work; give them too little work and risk losing them altogether! You'll need to keep track of what projects are assigned and make sure that each project has enough time allocated for it.
Do the following as well:
1. Give them a sense of purpose
2. Let them know you value their work
3. Give them freedom to make decisions
4. Allow them to be themselves at work
5. Reward their success when appropriate
6. Be honest about what you expect from each employee.